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That's false, "strictly economic theoretical speaking" inflation is a function of spending and savings (among others). If you take savings and use it to increas
by n2d4 3y ago
That's false, "strictly economic theoretical speaking" inflation is a function of spending and savings (among others). If you take savings and use it to increase spendings, that causes demand-pull inflation.
- Workaccount2 3y agoVery few wealthy people keep their wealth in savings. Maybe now with interest rates up it is higher, but any prudent wealth advisor will steer most of that money pile back into the economy.
- n2d4 3y ago"Savings and investments" counts as one category here.